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Oil Man Jim Company Oil & Gas Podcast, Blog 12th January 2020
January 12, 2020
A first full week of the New Year and plenty going on.   Rockhopper Exploration (RKH) announced Heads of Terms with Navitas to farm-in to Sea Lion. Sea Lion JV partner Premier Oil (PMO) announced it's trading and operations update.  2019 production was 78,400 boepd.  It's also looking forward to drilling its first well in Alaska, which it describes as "potentially transformational" for Premier, whose own interest comes via a farm out from 88 Energy (88E), which incidentally is now up 100% from when I mentioned it as a favourite towards the end of last year.    Premier also announced proposed UK North Sea acquisitions, which will add around 23,000 boepd productions with development upside. The acquired assets are forecast to generate over $1 billion of free cash flow to the end of 2023, exactly the type of acquisition that RockRose Energy (RRE) is looking for.  Bahamas Petroleum Company (BPC) announced an update regarding their mutual fund set up to allow locals to invest. Petrel Resources (PET) shocked investors, announcing that payment for the second tranche of shares has not yet been received from the Tamraz group. The arrival of Alan Linn as CEO at another Dublin company, Providence Resources (PVR), has perked the share price up considerably.  He's looking forward to working with the board to bring new investment into the Barryroe project.  Tower Resources (TRP), another looking to drill soon, also is starting to firm up.  Lekoil (LEK) has been strong since it announced appraisal funding secured at the start of the year. Meanwhile, the Zenith Energy (ZEN) and Anglo African Oil & Gas (AAOG) saga draw to a close.  Voting on the deal is Monday morning and it looks like Zenith is going to get the old Congo field.  Contact me on Twitter @Oilman_Jim ( Click “SUBSCRIBE ( ” to receive posts by email